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News

Pandemic responsible for increased anxiety among business owners

The Covid-19 pandemic is causing SME business owners to feel they need to always be ‘on’, according to the latest independent research from Close Brothers Asset Finance*.

New data highlights firms’ concerns over non-negotiated EU exit and lack of preparedness

Three in four businesses are concerned about a further economic shock arising from a non-negotiated exit from the EU, the UK’s biggest trading partner, according to new survey data from the CBI.

Trade body warns of winter corporate insolvency spike

Corporate insolvencies may increase as early as this winter, with new research from the Midlands branch of insolvency and restructuring trade body R3 indicating that a steep rise could start as soon as October.

News archive.

Pandemic responsible for increased anxiety among business owners

07 August 2020: The Covid-19 pandemic is causing SME business owners to feel they need to always be ‘on’, according to the latest independent research from Close Brothers Asset Finance*. [read more]

New data highlights firms’ concerns over non-negotiated EU exit and lack of preparedness

31 July 2020: Three in four businesses are concerned about a further economic shock arising from a non-negotiated exit from the EU, the UK’s biggest trading partner, according to new survey data from the CBI. [read more]

Trade body warns of winter corporate insolvency spike

23 July 2020: Corporate insolvencies may increase as early as this winter, with new research from the Midlands branch of insolvency and restructuring trade body R3 indicating that a steep rise could start as soon as October. [read more]

PANDEMIC CAUSES PROFIT WARNINGS TO HIT RECORD HIGHS

20 July 2020: The number of profit warnings issued by listed businesses in the Midlands rocketed during the first half of 2020, new figures from EY have shown. [read more]

Leicester lockdown to be relaxed

16 July 2020: The Health Secretary Matt Hancock has announced that some lockdown restrictions in Leicester are to be relaxed. [read more]

Post-Covide Bounce Back Webinar

13 July 2020: Find out the resulst of our recent survey on the impact of Covid-19 on business [read more]

Sir Philip Green's retail empire Arcadia under administration threat

03 June 2019: Sir Philip Green’s Arcadia group is facing an important week with creditors soon to vote on the tycoon’s restructuring plans. [read more]

British Steel ordered into compulsory liquidation

22 May 2019: Manufacturer British Steel has been ordered into compulsory liquidation, putting thousands of jobs in the UK at risk and endangering 20,000 in the supply chain. [read more]

Thousands of jobs at risk as Jamie Oliver’s restaurant chain faces administration

21 May 2019: Jamie Oliver’s restaurant chain is on the brink of crashing into administration putting more than a thousand jobs at risk – according to reports. [read more]

Debenhams will fall into administration if share dispute with Mike Ashley not solved

08 April 2019: Debenhams has been accused of “falsehoods and denials” from businessman Mike Ashley. [read more]

Struggling retailer Debenhams could axe 20 stores this year

04 February 2019: Debenhams has 165 stores and employs around 25,000 people. [read more]

"Repeating Pan-Pan three times says it's serious..."

20 November 2018: Have a look at our video which outlines how we see the role of an Insolvency Practitioner.... [read more]

Airline up for sale following profit warning

14 November 2018: Flybe has put itself up for sale just weeks after issuing a profit warning. [read more]

Record levels of store losses in East Midlands

12 November 2018: The numbers of stores closing and not being replaced by new ones has reached record levels in the East Midlands, according to a new report. [read more]

HMRC’s winding up petition against Patisserie Valerie dismissed

24 October 2018: Crisis-hit cake retailer Patisserie Valerie has survived a winding up petition brought by HMRC, while the company also said it is looking into share option accounting irregularities. [read more]

Lincolnshire garden products giant sold out of administration

17 October 2018: Lincolnshire garden products supplier Gardman has been sold out of administration. [read more]

Jobs saved as Lincoln House of Fraser earns reprieve

24 September 2018: Mike Ashley, the new owner of House of Fraser, has branded retail landlords as “greedy” – despite handing out a reprieve to the struggling chain’s Lincoln outlet, which had been earmarked for closure. [read more]

HOUSE OF FRASER IN TALKS WITH ALTERNATIVE INVESTORS AFTER DEAL COLLAPSES

02 August 2018: House of Fraser has revealed it is in talks with alternative investors after a rescue deal with the Chinese owner of Hamleys fell through placing thousands of jobs at risk. [read more]

House of Fraser’s unlikely saviour revealed

31 July 2018: Mike Ashley, the owner of Shirebrook-based Sports Direct, could be the unlikely saviour of House of Fraser, according to reports. [read more]

Lidl to build 3000 homes in fresh residential drive

30 July 2018: Supermarket chain Lidl has unveiled plans to lead the development over 3,000 homes and a school as it looks to secure planning consent for new stores around the capital. [read more]

Burton brewer and pubco to shed 40 jobs

09 July 2018: Around 40 jobs are at risk at Burton brewery and pub operator Green King, according to reports. [read more]

ALMOST 70 PER CENT OF CARILLION JOBS SAVED AMID PENSIONS BATTLE

26 June 2018: Almost 70 per cent of Carillion's workforce's jobs have now been secured after a further 352 roles were transferred to other companies. However, an extra 21 positions have been made redundant following the collapse of the construction and facilities management giant in March. It comes as its former bosses could be ordered by regulators to pay for the business' pension scheme. [read more]

House of Fraser avoids administration as creditors back rescue deal

25 June 2018: Creditors have backed a make-or-break plan from House of Fraser to shut over half its stores and axe up to 6,000 jobs. [read more]

East Mids export boom as region leaves UK behind

12 June 2018: East Midlands goods exports rose by 15.2% to £21.2bn for the year ending March 2018, according to the latest HMRC figures, outstripping the national average of 6.5% growth. [read more]

Crisis-hit airline to suspend transatlantic flights

05 June 2018: Primera Air is to suspend its transatlantic flights to New York and Toronto from Birmingham Airport just a month after take-off. [read more]

Manufacturer wins first court battle against rival

29 May 2018: Window retailer and manufacturer Safestyle has won its battle in the first stage of legal proceedings against a competitor, a move which comes weeks after it issued a stark profit warning blaming declining consumer confidence and an “aggressive new market entrant”. [read more]

Government accuses Carillion board as root to firm's collapse

16 May 2018: A “rotten corporate culture” has been used to describe Carillion’s board, who were blamed for the collapse of the company. [read more]

Small UK businesses are chasing £14.9bn in late payments, according to recent survey

11 May 2018: Research by Liberis, a small business finance provider, has revealed that 72% of SMEs are spending up to 3 days every month chasing money they’re owed. This is costing each business an average of £5,000 per year in time spent trying to recover these funds. [read more]

Weak GDP growth boosting insolvencies, says R3

01 May 2018: The weak GDP growth in the first three months of 2018 may have boosted the number of corporate insolvencies over the same period, according to the Midlands branch of insolvency and restructuring trade body R3. [read more]

Large healthcare provider plans CVA to ward off collapse

23 April 2018: Allied Healthcare, which provides care to 13,500 people across the UK, has put forward a company voluntary arrangement (CVA) as it looks to stave off collapse. [read more]

Fifteen major retailers have gone into administration or announced CVAs since April 2017 Business Rates Revaluation says Colliers

20 April 2018: Fifteen major retailers or restaurant groups have gone into CVA or administration in the twelve months since the April 2017 Business Rates Revaluation, according to Colliers International, the global commercial real estate agency and consultancy, with ten of them since the beginning of this year- in the last three and a half months alone. [read more]

Pub landlords who had debts of £335,000 banned from running companies

09 April 2018: Two pub landlords have been banned from running any companies for seven years after they abused insolvency regulations to avoid paying debt of £335,000. [read more]

Thousands of jobs under threat at troubled Bargain Booze

29 March 2018: Hundreds more retail jobs in the North West are under threat after it was revealed Bargain Booze is the latest retailer to be threatened with closure. [read more]

Fishing Republic reels in growth plans after raising £1.3m

29 January 2018: Fishing Republic, the Rotherham-headquartered fishing tackle retailer, has raised £1.3m through a placing of 13,000,000 new ordinary shares of 1p each at a price of 10p per placing share to new and existing shareholders, including directors. [read more]

Tough start to 2018 for region’s construction sector

23 January 2018: January is once again proving to be one of the toughest months of the year for many sectors with construction companies in Yorkshire seeing rising levels of firms at higher than normal risk of insolvency, in line with much of the UK. [read more]

Carillion collapse: Gov support for small business suppliers ends in two days

16 January 2018: Companies working for construction firm Carillion on private sector deals will have just two days of support from the government. [read more]

Changes to auto enrolment will stretch thousands of SME’s

18 December 2017: The government wants to get nearly one million young people to start saving for the future by extending pensions auto-enrolment to 18-year-olds. [read more]

Jobs under threat at Castleford pharmaceutical HQ

15 December 2017: Israeli company Teva Pharmaceuticals, which employs around 770 staff at its Teva UK headquarters in Castleford, has announced plans to cut 14,000 jobs worldwide – 25% of its total headcount. [read more]

Newcastle Airport serves five million passengers for first time in almost ten years

28 November 2017: Newcastle Airport welcomed its five millionth passenger in 2017 on Friday (November 27), a milestone not achieved since 2008. [read more]

Middle Eastern hospital deals provide sticking plaster for crisis-hit group

15 November 2017: Carillion has revealed its latest deal, a £240m contract for its Middle Eastern joint venture Carillion Alawi, as it continues to hope investors gain confidence about its long-term future. [read more]

NEW LOOK APPOINTS CHAIRMAN AMID HALF-YEAR LOSSES

08 November 2017: New Look has slipped to a half-year loss amid "challenging" conditions on the UK high street. The fashion retailer has also named a new chairman. [read more]

Rate rise too risky predicts experts

02 November 2017: With the Bank of England’s Monetary Policy Committee poised to announce its decision on interest rates today, East Midlands firms are naturally anxious over the MPC’s decision. [read more]

Almost half a million UK firms in ‘significant’ financial distress ahead of rate rise

01 November 2017: The Monetary Policy Committee will decide whether or not to increase interest rates this Thursday (November 2), but new data suggests almost half a million UK businesses are already in a state of financial distress – even before the impact of an interest rate hike is felt. [read more]

CARLSBERG UK SLIPS INTO THE RED

23 October 2017: The UK arm of beer giant Carlsberg has slipped into the red and lost almost £50m in turnover, according to newly filed accounts. [read more]

REVENUE FALL EXPECTED AT TOPPS TILES

04 October 2017: Leicester-headquartered Topps Tiles is set to post a drop in full-year revenue and said its adjusted pre-tax profit will be at the lower end of the current range of market expectations. But chief executive Matthew Williams said it had been "an imporant development year". [read more]

Shropshire firms contribute a bearly believable £1.68bn in revenues

26 September 2017: The 50 fastest growing companies in Shropshire have contributed £1.68bn in revenues in the latest year – a 23% increase on the previous year, according to a new report. [read more]

SHOWCASE CINEMA OWNER SLIPS INTO THE RED

05 September 2017: Lower attendances have led to the company behind Showcase Cinemas making a pre-tax loss of £3m in its latest financial year, newly-filed accounts have revealed. [read more]

Bolton Wanderers stakeholder wound up in court

22 August 2017: The company which owns 37.5% of the shares in Bolton Wanderers Football Club, Sports Shield BWFC, has been liquidated at the London Bankruptcy and Companies Court. [read more]

First quarterly sales growth for Asda in three years

18 August 2017: Walmart-owned supermarket Asda has reported its first quarterly sales rise in three years. [read more]

Animation studio Factory swoops for owner of children’s TV classic Mr Benn

17 August 2017: Manchester-based animation studio Factory has announced the launch of its new licensing and brand management division, Factory Rights, following the acquisition of Rollo Rights. [read more]

Wilko to axe nearly 4,000 jobs

14 August 2017: Nottinghamshire-headquartered retailer Wilko is set to axe nearly 4,000 jobs across its stores. [read more]

Housing market sluggish as London price contagion spreads to the South East

10 August 2017: A combination of low stock and ongoing political and economic uncertainty is dragging on the UK housing market, as a downturn in parts of London’s market look to be spreading to other parts of the South East. [read more]

Leicestershire truck hire firm ready for growth

09 August 2017: Truck hire company Alltruck has seen profits profits fall for the year-ending 28 February. [read more]

Midlands company administrations fall sharply in Q2

07 August 2017: The number of companies falling into administration in the Midlands fell sharply during the second quarter of 2017. [read more]

Purplebricks’ share price plummets after BBC investigation

03 August 2017: Shares in online estate agent Purplebricks slumped 16% during trading yesterday as the market responded to fears of an impact from adverse coverage on the BBC. [read more]

Home safety products firm predicts return to profit

31 July 2017: Home safety products supplier Sprue has said it anticipates a return to first half profitability after seeing an improvement in sales during the first six months of its year. [read more]

Insolvency threat deepens in East Midlands

27 July 2017: East Midlands businesses are now at greater risk of insolvency than at the start of 2017, according to new research by the Midlands branch of restructuring and insolvency trade body R3. [read more]

Five jobs at risk at Lancashire brewery

24 July 2017: Five jobs are at risk at Burnley-based Moorhouse’s Brewery which says it is restructuring to meet the challenges the current “dynamic beer market”. [read more]

Surprise fall in inflation rate

18 July 2017: The rate of inflation has fallen for the first time in more than a year, new figures from the ONS have shown. [read more]

Go Ahead to fork out £13m for Southern Rail improvements

13 July 2017: Following a troubled 18 months on the blighted Southern Rail franchise the service’s operator, Go-Ahead Group, have announced they have agreed a package of improvement measures with the Department for Transport (DfT). [read more]

Carillion looks to restore lost confidence after shares slide 40%

11 July 2017: For a company famed for its construction prowess, ironically it is now Carillion that is looking to rebuild itself. [read more]

Tram debacle sees compensation paid for delayed £75m scheme

04 July 2017: An investigation into delays and massively inflated costs on the Sheffield to Rotherham tram-train scheme has led to operator Stagecoach receiving £2.5m in compensation from the Government. [read more]

Watchdog names Asda as worst in UK for supplier treatment

27 June 2017: Supermarket Asda has gained the unwelcome title of the worst in the UK for treatment of its suppliers, according to an industry watchdog. [read more]

East Mids tech and IT businesses ‘least financially secure in UK’

05 June 2017: East Midlands technology and IT businesses are at greater risk of insolvency than any of their UK counterparts, according to the latest sector tracking report from the Midlands branch of insolvency and restructuring body R3. [read more]

Hull in bottom three again – this time for Premier League payments

02 June 2017: Hull City received £97.3m in payments from the Premier League this season, despite finishing 18th and being relegated. [read more]

Liquidation threat lifted at Notts County

25 May 2017: The threat of liquidation hanging over Notts County has been lifted after a “dramatic compromise” was reached at the High Court in London yesterday (24 May), according to reports in the national media. [read more]

Top corporate financier’s tax fraud charges dismissed

18 May 2017: Corporate financier Richard Hughes has had all charges of tax fraud dismissed by a judge. [read more]

East Midlands haulage firms face insolvency

09 May 2017: More than 1 in 3 haulage firms in the East Midlands face going to the wall, according to new figures from a insolvency trade body. [read more]

Boss of Oracle reseller banned for six years for dodgy VAT returns

11 April 2017: A director of a key Oracle partner has been disqualified after the company's administration revealed that he falsified VAT returns to the tune of nearly £150,000. [read more]

Shoe Zone circles Brantano as administration looms

23 March 2017: Shoe Zone has reportedly tabled a bid to buy ailing value footwear chain Brantano as it teeters on the edge of administration [read more]

Sir Philip Green's knighthood still under threat despite his £360m payout to ease BHS pensions black hole

22 March 2017: Sir Philip Green's knighthood is still under threat despite his unprecedented £363m cash contribution to the BHS pension scheme. [read more]

NCC share price tumbles 30% on profit warning

22 February 2017: NCC Group, the listed cyber security and risk mitigation firm, has issued another profit warning for the current financial year and initiated a strategic review of the business. [read more]

All-time low for Slater & Gordon

17 February 2017: Shares in embattled law firm Slater & Gordon slipped to an all-time low after the firm told investors that recovery in its UK business is taking longer than expected. [read more]

BHS investigation won't be over until at least April 2019: insolvency watchdog

10 February 2017: The UK’s insolvency watchdog body has said the investigation into the collapse of BHS may not be completed until 2019, even though they were ordered by the government to fast-track it. [read more]

Revealed: Waitrose reveals job cuts in management shake-up

09 February 2017: Waitrose is set to axe almost 200 jobs and close a number of shops as part of a shake-up of its store network, the Evening Standard can reveal. [read more]

Time to play fair: Football League new insolvency rules

02 February 2017: The Football League has announced the toughening up of its insolvency rules. Football League clubs will face stricter sanctions and be forced to repay the majority of their debts to unsecured creditors under new rules agreed at the competition’s annual conference. [read more]

HSBC to close 117 bank branches

25 January 2017: High street bank HSBC has said it is to close 117 bank branches across the UK with the loss of 380 jobs. [read more]

Next snaps up former BHS store in Burton

16 January 2017: The former store of collapsed retail giant BHS has been bought by its former rival Next. [read more]

Turnaround aims distract building products group in ‘disappointing’ year

13 January 2017: THE chief executive of building products group SIG said 2016 was a “disappointing” year for the company as its turnaround programme distracted the business from its customers. [read more]

Shoe Zone sales drop… but profits rise

11 January 2017: Shoe Zone, the Leicester-based footwear retailer, saw revenues reduce but profits increase slightly for the year-ending 1 October 2016. [read more]

Fenwick closure “not a surprise”

06 January 2017: The news that department store Fenwick is to close its longstanding Leicester branch should come as no surprise, according to a regional retail property expert. [read more]

Late payments ‘a chronic disease’ for UK SMEs

14 December 2016: The problem of late payment to small companies is not going away, despite various efforts to tackle it. [read more]

Craft drinks have put a cork in the UK's pub insolvency problem

12 December 2016: Investment in craft beer, high-quality food and trendy refurbishments is helping save the UK's pubs from insolvency. [read more]

Govan Law Centre report raises concerns about personal insolvency solutions

06 December 2016: Govan Law Centre details its findings of failings in Scotland’s personal insolvency market. [read more]

Travis Perkins demoted from the FTSE 100

01 December 2016: BUILDERS’ merchant Travis Perkins has dropped out of the FTSE 100 after losing £1.4bn in value since the EU referendum. [read more]

RBS fails Bank of England stress test

30 November 2016: RBS has failed to meet the requirements of the Bank of England's stress test, designed to see how resilient banks would be in the face of major market problems. [read more]

New plan to rebuild Sally Army's famous Strawberry Field submitted

25 November 2016: PLANS to rebuild the Strawberry Field Salvation Army children’s home – made famous by the Beatles song penned by John Lennon – have been submitted to Liverpool City Council. [read more]

Aga blames market conditions for need to cut 63 jobs

22 November 2016: MANUFACTURER Aga Rangemaster, famed for its cookers, plans to cut 63 jobs in Telford as it continues to feel the heat. [read more]

BHS buyer Chappell arrested for unpaid tax

15 November 2016: Former BHS owner Dominic Chappell has been arrested over unpaid tax bills [read more]

POUND GETS A ‘SHOT IN THE ARM’ AFTER ARTICLE 50 RULING

04 November 2016: The value of the pound has risen on the back of the High Court's ruling that the government cannot trigger Article 50 without Parliamentary approval. [read more]

West Midlands bucks national trend on profit warnings

31 October 2016: QUOTED companies in the West Midlands bucked the UK trend by issuing just two profit warnings in the third quarter – despite the economic upheaval post-EU Referendum. [read more]

Breaking News: Economy slows post-Brexit; but not as much as expected

27 October 2016: THE economy grew by 0.5% in the three-month period after the EU Referendum, latest figures out today have shown. [read more]

Brexit: Big banks preparing to move overseas, warns BBA boss

24 October 2016: Big banks are poised to move out of the UK over fears around the impact of Britain’s decision to leave the European Union, according to reports. [read more]

North East employment rate rises faster than any other UK region

20 October 2016: The latest Office for National Statistics (ONS) figures have shown a rise in North East employment, a rate which has increased more than another other UK region. [read more]

SME commissioner must address late payments – FSB

17 October 2016: Late payments are a continuing problem for smaller business, but the issue isn’t getting the attention it deserves, the FSB says. This week saw the publication of the government’s consultation document outlining how the new small business commissioner will handle complaints from the SME sector. But the FSB says it fails to addres the fundamental issue of late payments, a problem mostly associated with larger companies making smaller ones wait. [read more]

Big Four grocers to get £173m business rates reduction on larger stores

11 October 2016: THE big four grocers are to receive a £173m tax reduction on their larger stores over the next five years following the Government’s business rates revaluation. [read more]

Kellogg's to slash costs and staff as profits take £6.5m hit

07 October 2016: PROFITS at cereal giant Kellogg dipped by £6.5m last year as the trend for healthier breakfast alternatives kicked in, prompting a cost and staff reduction programme. [read more]

Lakeland profits dip despite tasty sales

04 October 2016: LAKELAND, the family-owned kitchen products retailer, enjoyed yet another year of record-breaking sales thanks to the trend for clean eating and the nation’s continuing love affair with home baking. [read more]

Next reveals ‘unnerving’ profits drop

15 September 2016: Enderby-based retail giant Next has seen a fall in profits for the six months to 31 July 2016 – news that retail analysts are calling “unnerving”. [read more]

Staff drive off with £5m car company

31 August 2016: A £5M-TURNOVER car restoration company has been given to the staff by its owner. [read more]

Town's iconic jewellery store to close

26 August 2016: ONE of the North West’s most iconic jewellery stores – Presons of Bolton – is to close after more than 150 of years of trading. [read more]

Threat of closure looms for rugby league club in ‘dire financial predicament’

22 August 2016: RUGBY league club Sheffield Eagles has said it is in a "dire financial predicament" and could close. [read more]

Revenues and profits down at Johnston Press

04 August 2016: PRE-TAX profits are down 27% at media group Johnston Press as the group says it is "actively exploring opportunities for the disposal of further assets." [read more]

Next reveals ‘unnerving’ sales slump

03 August 2016: Next has issued a warning this morning that the second half of its financial year could be “tough”. [read more]

JOHN SMEDLEY CONFIDENT AFTER YEAR OF “CHANGE AND CHALLENGE”

02 August 2016: Sales have been impacted by "tough economic conditions" at luxury knitwear maker John Smedley, newly filed results have revealed. [read more]

Personal insolvencies 'rise by 22%'

29 July 2016: The number of people being declared insolvent has risen by a fifth on a year ago - but low interest rates mean the total is still comparatively low. [read more]

Manufacturing prospects muted after Brexit, says CBI

28 July 2016: Manufacturing output and domestic orders saw firm growth over the past quarter, but both are expected to slow over the next three months, according to the latest quarterly CBI Industrial Trends Survey. [read more]

Super League hopeful hit by winding up petition

26 July 2016: HMRC HAVE brought a winding up petition against Super League hopefuls Featherstone Rovers. [read more]

Rugby club close to collapse

25 July 2016: RUGBY league club the York City Knights are close to collapse. [read more]

Government fee hike will damage insolvency service, R3 says

22 July 2016: The government has increased insolvency fees, which will cost creditors almost £8m a year [read more]

Britvic amongst food and drink leaders calling for sugar tax halt

11 July 2016: THE food and drink industry has accused the Government of adding "unwelcome additional burdens on [a] hard-pressed industry at a moment of crisis." [read more]

Government to mull over what to do next for insolvency rules, including what respite to give companies in trouble

06 July 2016: Government is to take a long, hard look at the UK's insolvency rules, as a consultation on the topic closes tomorrow. [read more]

Grocery wars casualty Nisa swings back into profit

04 July 2016: SCUNTHORPE-BASED mutual Nisa Retail has undergone its "biggest swing in profit in its 39 year history" according to its chief executive, despite the continuing uncertainty in the convenience market. [read more]

Trinity Mirror pledges action to mitigate Brexit effect

01 July 2016: NEWSPAPER group Trinity Mirror has warned it will "take the necessary mitigating actions" to support profits, citing increased uncertainty arising from the outcome of the UK's referendum on EU membership. [read more]

Brexit fallout: Vodafone proposes moving HQ out of London

29 June 2016: Vodafone is the latest company with potential plans to move its headquarters out of London following the Brexit vote in last week’s EU referendum. [read more]

Airline’s biggest ever winter programme from East Midlands Airport

28 June 2016: Jet2.com has today announced its biggest ever winter programme from East Midlands Airport, with more than 175,000 seats available between 30th October 2016 and 25th March 2017. [read more]

Biggest perceived threat to the logistics industry revealed

09 June 2016: The impact of driver shortages is yet to peak, according to a national study from the UK’s leading palletised freight network. [read more]

Small businesses must not carry the can on BHS pensions

08 June 2016: The British Chambers of Commerce has come out strongly on the issue of BHS’s collapse, arguing that smaller businesses should not be forced to pick up the tab for high profile corporate failures. [read more]

BRITISH STEEL NAME RETURNS AS DEAL COMPLETES

01 June 2016: Investment firm Greybull Capital has completed its acquisition of Tata Steel UK's Long Products Europe division, which will now trade as British Steel. The deal safeguards 4,800 jobs. [read more]

STEEL BIDDERS ‘WILLING TO COLLABORATE’

23 May 2016: Two of the bidders for Tata Steel's UK operations are understood to be open to the possibility of working together on a takeover of the business. [read more]

RYANAIR EYES 450 UK JOBS

17 May 2016: Irish airline Ryanair is creating 1,000 new jobs, 450 of which will be in the UK, after opening its new European Training Centre in London Stansted Airport. [read more]

Greggs to shut Sleaford bakery

09 May 2016: Greggs is set to push ahead with plans to shut three of its 12 bakeries, including its site at Sleaford in Lincolnshire, which will result in more than 300 job losses. [read more]

SLATER & GORDON AGREES NEW FINANCE DEAL

03 May 2016: Slater & Gordon has secured a deal with its lenders, giving the loss-making law firm the "flexibility and time" to continue its restructuring plan. [read more]

Fewer companies fail but oil sector suffering

28 April 2016: The number of Scottish registered companies becoming insolvent or entering receivership in the fourth quarter of 2015-16 (first quarter of the year) was 229, a drop of 9.8per cent on the previous quarter, though 16.2per cent higher than a year earlier. [read more]

British Gas owner to cut 3000 jobs following huge decline in customers

19 April 2016: The first three months of 2016 saw Centrica, the owner of British Gas, lose around 224,000 customers as they switched to other independent household providers. [read more]

West Somerset butcher Gerald David receives company director ban

15 April 2016: FORMER Minehead butcher Gerald David, whose family business collapsed racking up a £1.4 million debt, has been banned from being a company director. [read more]

'Food producer insolvency number triples' amid supermarket price wars

11 April 2016: The number of food producers that have gone bust have tripled over the last five years as a result of the supermarket price wars, a report said. [read more]

WATCHDOG INVITES COMMENTS ON CO-OP’S BUDGENS BUY

08 April 2016: Competition regulators have invited comments on The Co-operative Group's purchase of 15 Budgens convenience stores as it weighs up a potential investigation. [read more]

Rules help Football League clubs pass financial health check-up

05 April 2016: Financial fair play-style rules have dramatically improved English football’s financial health in recent years, according to an analysis of clubs’ figures by the accountants, Begbies Traynor. [read more]

Steel crisis: Union leaders to meet as buyers still not found

04 April 2016: Union leaders are set to hold emergency talks in London in an attempt to prevent Tata Steel’s Port Talbot plant from closing, an an effort to safeguard thousands of jobs. [read more]

MANUFACTURERS BRACED FOR SKILLS CRUNCH - EEF

29 March 2016: Almost three quarters of manufacturers have faced difficulties when attempting to recruit skilled staff, with the situation expected to worsen over the next three years, a new report by industry organisation EEF has revealed. [read more]

BHS NEEDS £100M AS D-DAY LOOMS

22 March 2016: Embattled department store chain BHS has warned it needs to find £100m before the end of the week even if it secures the backing of landlords at a crunch vote tomorrow (23 March 2016). [read more]

Small business confidence declines amid challenging landscape

21 March 2016: Confidence among the UK’s small businesses has slumped, reaching its lowest level since 2013, figures released today have revealed. [read more]

Gulf Keystone stock tanks as insolvency risk looms

18 March 2016: Gulf Keystone shares plummeted to seven-year lows on Thursday after the struggling oil explorer warned that it might not meet significant debt repayments due next month. [read more]

BLOSSOMING YEAR FOR BUTTERS GROUP

15 March 2016: Pre-tax losses have narrowed by more than £1m at Butters Group, the Lincolnshire supplier of plants and flowers to retail giants such as Marks & Spencer, B&Q and Sainsbury's, despite a drop in turnover. [read more]

BOSS CONFIDENT MORRISONS CAN BE ‘FIXED’

10 March 2016: The chairman and chief executive of Morrisons have expressed confidence that a turnaround is on track as the supermarket group posted full-year results featuring a drop in turnover and a 27 per cent fall in underlying pre-tax profit. [read more]

HOLLAND & BARRETT EYES NEW CONCEPT EXPANSION

04 March 2016: Holland & Barrett's chief commercial officer has told Insider that the group is on the hunt for more locations to expand its new store format, which offers a wider range of products and customer interaction stands. [read more]

LINCS BAKERY TO GO IN GREGGS STREAMLINING

02 March 2016: Greggs is set to cut more than 350 jobs as it seeks to streamline its bakery portfolio despite posting a strong set of financial results and outlining plans to expand its estate of shops. The move includes the closure of a site in Lincolnshire. [read more]

Bentham accountant disqualified for 15 years

25 February 2016: A Bentham man has been disqualified from working as an accountant for 15 years - a year and half after he was jailed for running a ‘Ponzi’ investment scheme. [read more]

Tour company operators who left charities short are disqualified by Insolvency Service

19 February 2016: Simon Smith and Nicholas Capsey of Global Enduro failed to ensure more than £200k raised under commercial participation agreements was paid to five charities [read more]

INSOLVENCY RISK RISES FOR PETROLEUM COMPANIES

17 February 2016: The number of South East-based extraction petroleum and gas companies at risk of insolvency has increased for the second month in a row, new research has revealed. [read more]

Firms urged to 'wise up' in bid to know about insolvency plans

11 February 2016: THE Midlands branch of insolvency trade body R3 is calling on small and medium-sized businesses (SME's) to 'wise up' about the individuals and businesses they deal with in order to avoid being caught up in an insolvency procedure. [read more]

COUNCILS SET TO BE HANDED SUNDAY TRADING POWERS

09 February 2016: Ministers are set to give local authorities the power to extend Sunday trading hours from the autumn, which the government said would allow high street retailers to go "head to head" with online counterparts. [read more]

RANGERS MOVE TO END SPORTS DIRECT RELATIONSHIP

05 February 2016: The chairman of Rangers FC has revealed that the club have given notice to end their commercial relationship with retail giant Sports Direct and vowed to "redress the poor commercial and business practices the club has been forced to endure". [read more]

Small firms to make a pact on late payment

29 January 2016: A businessman who suffered at the hands of late-paying clients has set up a scheme to help other SMEs to tackle the problem. [read more]

POLICE MAKE COBBLERS’ LOAN INVESTIGATION ARREST

27 January 2016: An arrest has been made in relation to the use of funds loaned to Northampton Town FC by Northampton Borough Council. [read more]

Insolvency Service investigations lead to shutdown of ‘Recovery Room’ scam companies

22 January 2016: Investigations by the Insolvency Service have led to six recovery room scam companies being ordered into liquidation in the public interest by the High Court on 2 December 2015 after, between them, leaving members of the public with losses of over £350,000, following empty promises of recovering investment losses they had suffered. [read more]

PAUL SMITH REMAINS UPBEAT DESPITE SALES DIP

15 January 2016: Revenue at British fashion house Paul Smith has fallen below the £200m mark for the first time in three years [read more]

Wi-Fi firm 802 Works in bid to ring-fence Rangers cash

13 January 2016: A company which provided Wi-Fi services to Rangers is bidding to have £300,000 of the club's cash ring-fenced. [read more]

New insolvency regime 'could be problematic for lenders'

12 January 2016: Plans for a special administration scheme for housing associations in financial trouble could create serious problems for lenders, finance experts have said. [read more]

Medium-sized firms most at risk of insolvency exposure

06 January 2016: More than 100,000 UK businesses owed money from insolvent companies in 2015, according to trade body R3 [read more]

TRIUMPH REVS BACK INTO THE BLACK

23 December 2015: Leicestershire-headquartered motorcycle maker Triumph has returned to the black despite a "challenging marketplace" impacting revenue. [read more]

Centre Stage offers uniform and banner help

16 December 2015: Centre Stage Uniforms has offered to help bands who have lost deposits through Image is Everything Ltd going into insolvency proceedings. [read more]

Pensions go unpaid at Fairline Boats

03 December 2015: Northamptonshire luxury boat builder, Fairline Boats has not paid its pension contributions for the 468-strong workforce for three months, according to the union. [read more]

Midlands ‘zombie businesses’ return to the land of the living – R3

01 December 2015: The number of Midlands businesses paying only the interest on their debts – a key characteristic of ‘zombie businesses’ – has plummeted, according to research by insolvency trade body R3. [read more]

East Midlands business leaders vow to fight dividend tax

27 November 2015: Two prominent business leaders have used strong language to ramp up the fight against the tax of directors’ dividends that was introduced in the Budget in the summer. [read more]

RATE OF CROWDFUNDING SUCCESSES REVEALED

23 November 2015: Almost 300 companies which crowdfunded over the last four years are still trading, according to the latest research, but 70 have gone out of business. [read more]

REVIEW TO DECIDE FATE OF HBOS EXECS

20 November 2015: Up to ten former HBOS executives, including its former chief executives and chairman, will find out next year if they are to be banned from working in the City following the publication of damning reports into the bank's failure. [read more]

BREEDON TO CEMENT £336M ACQUISITION

18 November 2015: Leicestershire-headquartered Breedon Aggregates has agreed to acquire a construction materials supplier with more than 160 operational sites around the UK in a deal worth £336m. [read more]

ROLLS-ROYCE PLANS FURTHER RESTRUCTURE

12 November 2015: Engineering giant Rolls-Royce has warned a "major" restructure will be implemented in 2016 after chief executive Warren East revealed the outlook for next year is "very challenging". [read more]

New grants available to North Notts businesses

10 November 2015: Rural businesses in the north of Nottinghamshire (Bassetlaw, Newark and Sherwood and parts of Mansfield) are being urged to register their interest in receiving funding from a major new grant programme, following its launch this week. [read more]

City Link ‘hopelessly’ insolvent before Christmas, court told

06 November 2015: Three former directors of the collapsed business are accused of failing to give 45 days’ notice of dismissals which took place on New Year’s Eve, and of not informing the Business Secretary of impending redundancies [read more]

Payment terminal malfunction sends thousands of SMEs into crisis

04 November 2015: A software update which corrupted thousands of payment terminals has left many SMEs unable to accept electronic card payments, with small businesses fearing that the problem may not be resolved until late November. [read more]

Personal insolvency numbers rise sharply

29 October 2015: Scotland saw the largest increase in personal insolvencies in more than seven years over the summer. [read more]

SHOE ZONE SALES HIT BY STORE CLOSURES

27 October 2015: Leicester-headquartered discount footwear retailer Shoe Zone has revealed it expects to post a £5m drop in annual revenues following the closure of a number of loss-making stores. [read more]

Alkane Energy set to go private

26 October 2015: Nottinghamshire power generator is set to pass back into private hands after the company issued a statement saying it was leaving the AIM market. [read more]

S&A Foods on the brink as 196 staff laid off

23 October 2015: S&A Foods, the Derby-based Asian food producer, is facing an uncertain future after laying off nearly 200 people. [read more]

Charities welcome change to HMRC’s debt recovery powers

19 October 2015: Debt advice charities have welcomed a change to the Finance Bill on HMRC’s new power to recover debts directly from personal bank accounts. [read more]

SSI: First redundancy payments will reach workers' bank accounts on Friday

16 October 2015: Insolvency Service has also released information for suppliers, potential buyers of assets - and how creditors can claim for money owed [read more]

ALTERNATIVE LENDER DEALS SOAR

07 October 2015: The number of debt transactions struck by alternative lenders surged in the first half of 2015, new figures from Deloitte have revealed. [read more]

Rolls-Royce set to make further redundancies

06 October 2015: Rolls-Royce has announced plans to cut a further 400 jobs in its marine business as it reacts to the impact of a sharp fall in oil prices. [read more]

Growth remains strong, says CBI

01 October 2015: The rate of economic expansion dipped slightly in the three months to September following a near record-breaking previous month – but growth is still strong, according to the latest CBI Growth Indicator.f [read more]

Insolvency Service rings in changes to deter rogue directors

30 September 2015: The Insolvency Service has reminded creditors of a service starting on October 1 that provides compensation when directors are disqualified. [read more]

Cut jobs or you’ll go bust, library told

24 September 2015: THE National Library of Wales faces insolvency unless jobs are axed, a hard-hitting report has warned. [read more]

Government rejects City Link insolvency law reform call

18 September 2015: The government has rejected calls from two select committees for an urgent change in insolvency law, after the collapse of City Link last Christmas left sub-contractors and non-secured creditors £30m out of pocket. [read more]

CATAPULT SELLS DIAGNOSTICS FIRM TO GERMAN GROUP

16 September 2015: Leicestershire-headquartered equity investor Catapult Ventures has sold a molecular diagnostics business it backed in its early stages four years ago to German group, with an expected cash return of five times its initial investment. [read more]

REVENUES FALL DESPITE UK GROWTH AT LAURA ASHLEY

10 September 2015: Revenues and profits have fallen in the first half of the year at London Stock Exchange-listed homeware and fashion group Laura Ashley despite an increase in UK sales. [read more]

EAST MIDS EMPLOYMENT OUTLOOK BUOYANT

08 September 2015: Employers in the East Midlands are twice as confident as their national counterparts when it comes to hiring, a new study has claimed. [read more]

Fine wine scam sees director disqualified

04 September 2015: The Insolvency Service has disqualified a company director for 11 years following an investigation which found his firm had taken close to £60,000 from members of the public by claiming to offer investments in fine wines. [read more]

Insolvency risk starts to fall in East Midlands as businesses begin growth return

02 September 2015: NEW research by insolvency body R3's Midlands branch reveals that the proportion of East Midlands retail and manufacturing businesses with a higher than normal risk of insolvency has fallen for the fourth consecutive month [read more]

Live Music Events Limited, the firm behind High Definition festival, goes into liquidation after Hop Farm axes event

27 August 2015: Festival-goers face uncertainty over refunds after the firm behind a high profile music event went into liquidation. [read more]

TINDER BLAMED FOR NIGHTCLUB BUSINESS VULNERABILITY

25 August 2015: More than half of nightclub businesses in the UK are financially vulnerable, according to the findings of a report by corporate health monitor Company Watch. [read more]

PUNCH TO DISPOSE OF PUB PORTFOLIO

24 August 2015: Burton-upon-Trent pubco Punch Taverns has agreed to sell almost 160 pubs in a deal worth £53.5m [read more]

Kids Company liquidator appointed

21 August 2015: The Insolvency Service was appointed as the liquidator for Kids Company, at a High Court hearing this morning. [read more]

JOBS RISK AT LLANTRISANT ENGINEERING BUSINESS

19 August 2015: An engineering business which launched a factory at Llantrisant earlier this year with finance from the Welsh Government is set to enter administration with more than 100 jobs at risk. [read more]

Insolvency up in Reading and down in Wokingham

18 August 2015: Reading had the biggest increase in individual insolvency on the Thames Valley last year [read more]

Suffering little children

14 August 2015: Learning the right lessons from the collapse of a high-profile charity [read more]

Vince Cable concerns emerge over opaque insolvency probe rules

13 August 2015: The Former Secretary of State for Business believes it is too hard to pursue legal action against directors of insolvent companies deemed unfit. [read more]

Insolvency figures fall as wages outstrip inflation again

12 August 2015: The return of rising wages has contributed to a sharp fall in personal insolvencies, figures show [read more]

Caunton Engineering commits to Living Wage

10 August 2015: Nottinghamshire manufacturing firm Caunton Engineering has been accredited as a Living Wage employer.f [read more]

Late payments expected to get worse, says Lloyds

05 August 2015: The problem of late or slow payments continues to cause cashflow difficulties for businesses in the East Midlands, and more than a third expect it will only get worse in the next six months, according to the latest in the Business in Britain series of reports from Lloyds Bank.f [read more]

bmi regional sold to investors

04 August 2015: Airline bmi regional, based at East Midlands Airport, has been bought by investors in a deal which will see it become part of a new £200m turnover business. [read more]

LINCS WIND FARM PLANS SCRAPPED

03 August 2015: A Swedish energy company has scrapped controversial plans to construct a wind farm in Lincolnshire. [read more]

Insolvency Service: Personal insolvencies at 10-year low

30 July 2015: The number of people being declared insolvent has fallen to its lowest level for nearly a decade, figures show. [read more]

GOVERNMENT CALLS TIME ON GREEN DEAL

24 July 2015: The government has revealed there will be no further funding supplied to the Green Deal scheme in light of low take-up and concerns about industry standards. [read more]

Warlord Productions liquidated after '£3m of money raised to make film goes into sales reps' pockets'

23 July 2015: Michael Caine and Ray Winstone were billed as due to star in 'Henry 5' but their agents told me that they have nothing to do with the project [read more]

INSOLVENCY RATE AND DEBT RELIEF ORDERS HIGH ON THE ISLE OF WIGHT

22 July 2015: The Isle of Wight has retained its title as the area with the highest insolvency rate in Hampshire and is the joint 18th worst region in the country, alongside also being in the top 10 places in the UK with the highest number of Debt Relief Orders. [read more]

Building boss paid school fees ahead of creditors

17 July 2015: The boss of contractor Hulbert Homes Limited has been disqualified from acting as a director for five years for causing the company to make payments to the detriment of specific creditors. [read more]

SMEs concerned by HMRC’s new US-style debt recovery powers

13 July 2015: A document that was set out alongside this week’s Budget announcement revealed new HMRC powers that would allow its inspectors who are chasing unpaid tax bills to take the amounts owed directly out of people’s bank accounts. [read more]

Translink on brink of insolvency, admits boss Strahan

10 July 2015: The boss of Translink has admitted the cash-strapped company is "technically insolvent". [read more]

EAST MIDS CHAMBER "DISAPPOINTED" AT LACK OF MIDLANDS ENGINE CLARITY

09 July 2015: Business leaders from across the East Midlands have voiced their "disappointment" that Chancellor George Osborne did not give specific details on creating a 'Midlands Engine' in yesterday's Budget announcement. [read more]

ROLLS-ROYCE ISSUES PROFIT WARNING

06 July 2015: Derby-headquartered engineering giant Rolls-Royce has issued a profit warning following a decline in deliveries of its Trent 700 engines and deterioration in the offshore market, which has hit its marine division. [read more]

William Sinclair hints at Lincoln exit as it slips further into the red

01 July 2015: William Sinclair, the horticultural products manufacturer, has said it is looking to shift operations to its Ellesmere Port plant. [read more]

Bride's fear for wedding day after Mystia in Gloucester said it had 'no choice' but to close

30 June 2015: ONE bride-to-be fears her wedding day will be postponed after a Gloucester bridalwear shop ceased trading. [read more]

FCA: “Debt management firms still failing UK consumers”

29 June 2015: The debt management sector is still failing the UK’s most vulnerable consumers, according to a review published today by the Financial Conduct Authority (FCA). [read more]

Letting agent gets 10 year ban as £577,000 goes missing

26 June 2015: A letting agent has been disqualified from acting as a director for 10 years following the collapse of his Hove agency, leaving a debt of at least £577,865 thanks to what appears to be missing tenancy deposits and rent payments. [read more]

Sluggish exports continue to hamper manufacturing

24 June 2015: A fall in export demand slowed the recovery in the UK’s manufacturing sector in June, although output growth and total orders are still above their long-run averages. [read more]

Insolvency Service closes £4.5m credit scam

23 June 2015: A company that ran a £4.5m scam by fraudulently obtaining credit to provide text message services has been forced out of business. [read more]

MANUFACTURING SLUMP HITS DEALS MARKET

17 June 2015: The volume of UK deals announced in May dipped below the 400 mark for the second successive month, according to the latest figures, with the manufacturing sector recording its lowest level of activity in a decade. [read more]

Joules goes for overseas growth with £11m credit facility

11 June 2015: Market Harborough lifestyle brand Joules has secured an additional £11m credit facility from Barclays to support further expansion. [read more]

Football League toughens insolvency rules and takes stand on discrimination

09 June 2015: Insolvent Football League clubs will face an immediate 12-point deduction following new rules introduced at the competition's annual summer conference in Portugal on Friday. [read more]

William Sinclair set to axe 74 jobs in Lincoln

02 June 2015: Lincoln-based compost, fertiliser and garden chemicals producer, William Sinclair, is set to move its headquarters away from the city and close its storage facility there in a move which will mean the loss of 74 jobs. [read more]

PTD to bring click-through bookings into a package

28 May 2015: The new Package Travel Directive will bring online ‘click-through’ sales within the definition of a package where a traveller’s name, email and payment details are transferred between websites. [read more]

R3 report shows late payment still too common

27 May 2015: Yorkshire firms hit by late payment report that 8% of their invoices are paid late, according to a survey by R3 [read more]

Insolvency profession saves 230,000 jobs

22 May 2015: Research by ComRes and R3, the insolvency trade body, has found that the UK’s insolvency profession helped around 6,700 businesses continue trading in some way after entering formal insolvency. This, R3 says, amounts to 41% of formal insolvencies. [read more]

Anna Soubry handed Insolvency brief in new government role

21 May 2015: CONSERVATIVE MP Anna Soubry has been handed responsibility for the Insolvency Service as part her role as minister for small business, industry and enterprise [read more]

NEXT HIT WITH £22.4M TAX BILL

20 May 2015: Enderby-headquartered retail giant Next has been issued with a bill for more than £22m after a court ruled its complex tax system was artificial tax avoidance. [read more]

GOVERNMENT MUST HELP BUSINESSES TO 'INVEST AND GROW'

11 May 2015: The Conservatives must build on both the positive steps taken and lessons learned during the coalition years, grasp the opportunity to rebalance the economy and help British businesses invest and grow, according to the likes of the BCC, EEF and CBI. The "decisive" performance of the SNP has also been hailed. [read more]

Rolls-Royce 'on track' to make redundancies

08 May 2015: Manufacturing giant Rolls-Royce has said it has already made half the redundancies it announced in November 2014. [read more]

Payday loans on decline in North West

05 May 2015: The popularity of payday loans is on the wane in the North West according to new research by R3, the trade body for insolvency practitioners. [read more]

R3 says tide is turning for transport sector

22 April 2015: Fewer firms in Yorkshire's transport and haulage sector have a higher than normal risk of insolvency, research shows [read more]

Warm weather sees profits slip at Shoezone

21 April 2015: Leicester footwear retailer, Shoezone, has issued a profit warning after a "tougher than anticipated" six months to 4th April. [read more]

PARTIES URGED TO FOCUS ON THE FUTURE - EEF

14 April 2015: Manufacturing organisation EEF has called for the leaders of Britain's political parties to cut down on bickering and focus on driving the economy. [read more]

Customer redress and fines costs banks nearly £40bn

09 April 2015: Soaring levels of customer remediation, conduct failings and fines have cost Britain’s biggest banks £38.7bn, according to a KPMG report [read more]

GLAMORGAN DIRECTOR BANNED FOR HIDING ASSETS

01 April 2015: The director of a Glamorgan manufacturer has been disqualified from acting as a director for six years for failing to disclose company assets following its liquidation and for breaching agreements with the Welsh Government. [read more]

Manufacturing growth going steady, says CBI

24 March 2015: Activity in the manufacturing sector remained broadly steady in March, according to the CBI’s latest Industrial Trends Survey. [read more]

Court shuts down unregulated firm offering 82% returns

20 March 2015: The High Court has wound up an unregulated investment firm which cold called consumers offering them returns of 82% for investing in carbon credits. [read more]

Insolvency Service bans former directors of Caerphilly business from running companies

17 March 2015: Three business people have been banned from holding company directorships by the Insolvency Service after running liquidated Caerphilly business. [read more]

William Sinclair boss steps down amid profit warning

06 March 2015: The chief executive of a Lincoln-headquartered horticultural products manufacturer has stepped down after the company issued a profit warning. [read more]

New Leicestershire town gets funding green light

04 March 2015: Funding arrangements for a new town in Leicestershire have been completed in a deal which will bring forward 4,250 new houses and 50 acres of employment land to the west side of the M1. [read more]

JW Marriott Grosvenor House Hotel seeks new owner after collapse into administration

03 March 2015: A new owner is being sought for the JW Marriott Grosvenor House Hotel after the company which owned it - Sahara Grosvenor House Hospitality - collapsed into administration. [read more]

CBI urges next government to help firms access finance

02 March 2015: The CBI is urging the next government to "help unleash new long-term growth capital to support dynamic medium-sized businesses." [read more]

SUBDUED DEALMAKING FIGURES REVEALED

27 February 2015: There was a 32 per cent decrease in the number of deals completed in the UK last month with conditions remaining "relatively subdued", according to the findings of a new report. [read more]

SUBDUED DEMAND FOR EXTERNAL FINANCE - BDRC

26 February 2015: There is a subdued demand for external finance from small and medium-sized enterprises (SMEs) despite improving success rates and more confidence that banks will lend, according to the latest research. [read more]

Huddersfield's Castle and Minster Credit Union folds affecting 2,600 members

25 February 2015: A credit union has folded hitting 2,600 members. The Castle and Minster Credit Union, based in Huddersfield, has been struggling after more than 40 years of trading. [read more]

R3: Report calls for measures to help victims of fraud

24 February 2015: A BODY that represents insolvency firms has called for the re-introduction of criminal bankruptcy to help return money from frauds to their victims. [read more]

Chamber slams TUC over Living Wage

23 February 2015: New figures released today (23rd February) show that at least two-thirds of all jobs in the East Midlands currently pay the Living Wage or higher. [read more]

Trustees in bankruptcy can ‘Facebook’ no-shows

20 February 2015: Insolvency practitioners can now notify bankrupts of orders made against them by simply posting on their Facebook page, when debtors ignore proceedings. [read more]

Bombardier to create 150 jobs

19 February 2015: Train manufacturing giant Bombardier has announced it will create 150 jobs after securing both the Crossrail contract last year and orders to extend London Overground trains from four to five carriages. [read more]

Bring back Criminal Bankruptcy to combat fraud, says Leicester insolvency expert

18 February 2015: Criminal bankruptcy should be re-introduced to help return money from fraudsters to their victims, according to a new report published by the Midlands branch of R3, the insolvency trade body. [read more]

CITY LINK SUPPLIERS SET FOR SIGNIFICANT SHORTFALL

17 February 2015: Former suppliers of collapsed courier City Link are facing a significant shortfall after new documents revealed they will receive only a small portion of the £30.6m they are owed. City Link called in administrators from EY on Christmas Eve and [read more]

Max Petroleum needs to strike financing deal to avoid insolvency

10 February 2015: Max Petroleum (LON:MXP) says it will be insolvent unless it is able to restructure its debts and secure new funding. [read more]

Sail of the Century

03 February 2015: You might remember that John Harlow completed back in a round-the-world sailing record attempt a few months back... [read more]

Hotel bookings firm which misled its customers is declared insolvent

03 February 2015: Company made false claims and 'operated with flagrant disregard for the general rules of running a business' [read more]

How one typo led to the demise of a 124-year-old Welsh family business

29 January 2015: A five-generation family business in the UK has won an £8.8 million ($A16.8 million) lawsuit against the British government after an errant letter ‘s’ led to the business being mistakenly named as having collapsed. [read more]

NI INSOLVENCY ACTIVITY SET TO INCREASE - A&L GOODBODY

28 January 2015: Insolvency activity in Northern Ireland is set to increase over the next 12 months as companies emerge from the recession, according to law firm A&L Goodbody. [read more]

Keep meetings real say professionals

27 January 2015: Proposals which will limit the number of physical creditors meetings in insolvencies will reduce creditor engagement and trust in the process, according to a survey by industry body R3. [read more]

Insolvency costs cap does not fit – peer

26 January 2015: A senior Conservative peer has tabled a legislative amendment to shield insolvency-related claims from the effects of the Legal Aid, Sentencing and Punishment of Offenders Act. [read more]

CELLINO BAN CREATES "INSOLVENCY RISK", ARGUED LEEDS DIRECTOR

21 January 2015: A Leeds United director has warned that Massimo Cellino's disqualification could have severe adverse consequences for the club and even "a real likelihood of insolvency", the written judgment from the Italian businessman's unsuccessful appeal has revealed. [read more]

Wilko to axe up to 170 jobs

14 January 2015: Nottinghamshire-headquarted retailer Wilko is expected to make between 130 and 170 people redundant at its head office, supply chain and retail outlets, it has confirmed, as part of a "restructuring programme". [read more]

Administrations in Midlands fall by a fifth during 2014

09 January 2015: The number of administrations in the Midlands fell by 21 per cebt last year, down from 235 in 2013 to 185 in 2014, according to the latest annual research from Deloitte, [read more]

City Link assets sold to DX

07 January 2015: Administrators in charge of winding down City Link have reached an agreement with logistics firm DX to sell certain assets for £1.125m. [read more]

City Link axes 108 East Midlands jobs

05 January 2015: Administrators at courier City Link have made 108 people across the East Midlands redundant, as part of a wider move which saw 2,356 lose their jobs on New Year's Eve. [read more]

Thousands of Scots 'face bankruptcy in the year ahead'

02 January 2015: About 1,000 companies will go bust and 12,000 Scots will be made bankrupt in the coming year, a report has predicted. [read more]

Cheers as Yorkshire's hospitality industry bounces back strongly

22 December 2014: Hospitality firms in Yorkshire are seeing a strong recovery and are ahead of many other parts of the UK, according to the latest research by insolvency trade body R3. [read more]

STOWLIN SNAPPED UP BY NORTH WEST DISTRIBUTOR

19 December 2014: Leicester-based cleaning and industrial chemical business Stowlin is set to be acquired by a historic North West distribution group. [read more]

Insolvency Service appoints Albon as chief executive

17 December 2014: Sarah Albon has been appointed as the new chief executive of the Insolvency Service. [read more]

Rangers confirm manager Ally McCoist has resigned from the club

15 December 2014: Ally McCoist has resigned as Rangers manager and has entered a 12-month notice period, the club have announced to the Stock Exchange. [read more]

New EU insolvency rules aim to "rescue and recover" viable businesses, ministers say

10 December 2014: Justice ministers from across the EU have backed a proposed new insolvency law regime that is intended to make it easier to save otherwise viable businesses facing cross-border financial difficulties. [read more]

Threat of insolvency weakening at factory gates

04 December 2014: The manufacturing sector in Yorkshire is continuing to perform strongly, once again showing a more robust recovery than in any other region, according to research by insolvency trade body R3. [read more]

Chamber welcomes road spending boost

02 December 2014: The Chamber of Commerce for Derbyshire, Nottinghamshire and Leicestershire has welcomed a Government announcement to plough an additional £1.4bn into the Midlands’ road network. [read more]

FOOD PRODUCERS UNDER PRESSURE AS SUPERMARKET PRICE WARS CONTINUE

26 November 2014: THE UK'S FOOD PRODUCERS ARE COMING UNDER INTENSE PRESSURE FROM SUPERMARKET PRICE WARS, AS THE NUMBER OF INSOLVENCIES JUMPED BY 28 PER CENT IN THE PAST YEAR. [read more]

CHAMBER TO VISIT WESTMINSTER FOR MANIFESTO LAUNCH

24 November 2014: Representatives from more than 50 companies across the East Midlands will visit the Houses of Parliament tomorrow (25 November 2014) to outline their demands for the next government. [read more]

Government should back down on insolvency changes

20 November 2014: Leading small business trade groups, are calling on the Government to accept an Opposition amendment in the Small Business Bill and back down on proposed insolvency changes. [read more]

LANGLEY HOLDINGS EXPANDS PRINT SECTOR REACH

17 November 2014: A Nottinghamshire-headquartered multi-disciplined engineering group, which is run by one of the richest men in the Midlands, has snapped up a £60m-turnover German print chemicals group out of administration. [read more]

HUGE SUMS OWED TO PHONES 4U CUSTOMERS AND STAFF

14 November 2014: Thousands of workers owed money following the collapse of Phones 4U may have to wait up to a year to receive unpaid salaries, Insider can reveal. [read more]

Humphrey urges Notts businesses to take up Growth Vouchers

12 November 2014: Some 60 business experts in Nottingham have been accredited to offer advice to small businesses, as part of the Government’s Growth Vouchers programme. [read more]

Efforts to make resolving insolvency easier in Europe are proceeding slowly

05 November 2014: Companies have been going bust in the European Union at the rate of about 200,000 a year for most of the period since the financial crisis. Now that figure is beginning to decline, especially in parts of Southern Europe. [read more]

Insolvency rate falls to eight-year low

30 October 2014: The rate at which Britons are becoming insolvent has fallen to its lowest since before the financial crisis, according to official figures. [read more]

Homebase to close one in four stores

23 October 2014: The owner of DIY retail chain Homebase has announced it is to close one quarter of its stores, putting over 4,000 jobs at risk. [read more]

R3 Midlands calls on Government to scrap legal reforms

22 October 2014: The Midlands branch of insolvency body R3 is warning that proposed Government insolvency reforms could cost creditors over £160m per year from next April, with rogue directors the big beneficiaries. [read more]

Pym: UK banking system was 'very close to an Iceland-style crisis'

20 October 2014: The UK economy in 2008-09 was on the very precipice of a crash that would've have dwarfed the crisis in Iceland, according to the BBC economics editor at the time. [read more]

East Anglia: End of ‘no win, no fee’ legal funding will benefit rogue directors, claims R3

17 October 2014: Rogue company directors will be the main beneficiaries of Government legal reforms due to take effect next year, according to a leading figure in the eastern region insolvency sector. [read more]

ALL LEISURE SELLS LOSS-MAKING CRUISE SHIP

16 October 2014: Market Harborough-headquartered All Leisure Group has sold its 43-year-old loss-making cruise ship Discovery. [read more]

LEP SEEKS RECRUITS FOR EUROPEAN FUNDING COMMITTEE

15 October 2014: The Greater Lincolnshire Local Enterprise Partnership is looking for partners to join a new committee responsible for running a European funding strategy. [read more]

NEW JOBS: John Pye Auctions opens in Derby

14 October 2014: A RAPIDLY growing auction business has been successful in its bid to open an outlet in Derby creating new jobs. [read more]

Midlands businesses returning to stability, says R3

08 October 2014: Latest research from the insolvency body R3 highlights that the number of Midlands businesses currently negotiating payment terms with their creditors (22,000) is less than half the number recorded in November of last year (48,000). [read more]

MICRO-BREWERY SETS UP IN LOUGHBOROUGH

06 October 2014: A start-up micro-brewery has secured an industrial unit in Loughborough to serve as its new home. [read more]

EHL snaps up Pricketts

03 October 2014: Law firm Pricketts has been bought by Edward Hands & Lewis (EHL) solicitors, part of the EHL Group. The deal will see Pricketts' two offices in Buxton and Stockport integrated into EHL, and see the company expand to 130 staff. [read more]

'Shocking and reprehensible': Judge's verdict on Craig Whyte's disastrous reign at Rangers

01 October 2014: The disgraced former Rangers chairman has been handed a 15-year directorship ban for his part in the financial disaster that saw the Ibrox side liquidated. [read more]

Pall-Ex signs skills deal with Leicester College

26 September 2014: Palletised freight network Pall-Ex has signed a deal with Leicester College that will provide the logistics firm with in-house training and apprenticeship support. [read more]

Midlands business recovery comes with cash flow woes

24 September 2014: The number of Midlands businesses unable to pay more than the interest on their debts – a key characteristic of ‘zombie businesses’ – has jumped from 28,000 in November 2013 to 51,000 last month, according to research by insolvency trade body R3. [read more]

LAST MINUTE RESCUE DEAL RULED OUT AT PHONES 4U

19 September 2014: Administrators of Phones 4U have ruled out any last-minute attempts by bondholders to agree a debt-for-equity swap to keep the beleaguered retailer alive. [read more]

Less than half of British adults shouldering UK's £1.5 trillion personal debt burden

18 September 2014: Less than half (47%) of the UK's adults are shouldering the UK's £1.5 trillion total personal debt problem, a report has revealed. [read more]

PHONES 4U FOUNDER BLAMES MOBILE NETWORK FOR COLLAPSE

16 September 2014: Phones 4u founder John Caudwell has labelled the mobile networks which decided not to renew contracts with the retailer as "extremely callous". [read more]

BREWERY NUMBERS SOAR IN THE UK

12 September 2014: A rise in popularity of real ale has led to 170 new breweries starting up in the UK in the last year - with the industry growing by more than 10 per cent a year. [read more]

GuilFest goes into insolvency with some artists not yet paid

10 September 2014: An insolvency meeting is due to be held after it's revealed that some artists, suppliers and those involved in the 2014 festival's infrastructure have not yet been paid [read more]

KP PLANT CLOSURE PLAN PUTS CORBY JOBS AT RISK

08 September 2014: Up to 186 jobs are at risk at KP Snacks, including more than 80 in the Northamptonshire, after the food producer revealed it planned to close factories in Corby and Consett in the North East. [read more]

Insolvency Service non-executive board appointments

04 September 2014: The Insolvency Service is pleased to welcome Alan Graham and Tracy Bleakley as new non-executives on its board with effect from 1 September. [read more]

WELSH FOOD INDUSTRY 'LOW RISK' COMPARED TO UK

01 September 2014: Welsh food manufacturers have a lower risk of failure than the rest of the UK, research from insolvency trade body R3 has revealed. [read more]

LENDING SCHEME "CONTINUES TO DISAPPOINT" - BCC

29 August 2014: Exchange rate headwinds have failed to dampen the performance of powered access rental equipment provider Lavendon Group as pre-tax profits grew 11 per cent in the first six months of 2014. [read more]

Persimmon posts profits hike

21 August 2014: A Leicestershire housebuilder has reported a strong start to 2014, with profits rising by 57 per cent on the same period in 2013. [read more]

PUNCH LAUNCHES DEBT RESTRUCTURING

18 August 2014: Burton-based Punch Taverns has this morning (18 August 2014) launched its proposed restructuring of the pub group's £2.3bn debt mountain. [read more]

Focus Consultants issues RGF reminder

12 August 2014: Funding experts at East Midlands-based Focus Consultants are reminding firms and private sector organisations that the deadline for submitting applications for the latest slice of a £3.2bn pot of grants is fast approaching [read more]

Growth across the board in the East Midlands, says new report

11 August 2014: An influential monthly report shows that the economic recovery in the East Midlands' private sector gathered pace in July, with activity, new orders and employment all increasing at faster rates. [read more]

Weetabix calls for voluntary redundancies

08 August 2014: Northamptonshire-headquartered Weetabix is making 30 redundancies at its sites in the county in response to pressure from discount retailers. [read more]

Government to review DRO process and bankruptcy threshold

07 August 2014: The government has announced a review into the Debt Relief Order (DRO) process, five years after its introduction in England and Wales. [read more]

Suppliers could be prevented from terminating services to insolvent firms

05 August 2014: The government has announced a number of proposals on how to ensure the continuous supply of essential services, including telecommunications and IT, to insolvent businesses and individuals. [read more]

Administrations reach nine-year low

30 July 2014: The number of companies entering administration has fallen to the lowest level since the start of 2005, according to new figures. [read more]

RGF cash 'getting to businesses quicker'

23 July 2014: The speed at which cash from the Regional Growth Fund (RGF) is reaching businesses has quickened, according to the findings of a new report. But the flagship government scheme narrowly missed its job creation target for the first three rounds. [read more]

Lending conditions improve - BoE

21 July 2014: Banks are starting to lend more to businesses, according to the latest Bank of England Credit Conditions Survey, which showed an increase in borrowing in May. [read more]

Liverpool Chinese restaurant boss banned over illegal workers

16 July 2014: The boss of a Liverpool Chinese restaurant has been banned as a director over the employment of illegal workers. [read more]

Female students twice as likely to end up in debt from stress

14 July 2014: New research has shown that female students are twice as likely to end up in debt at university as their male counterparts owing to poor personal finance skills and the large amounts of stress placed on them. [read more]

Suffolk/Essex: Personal bankruptcy falls to pre-recession levels amid ‘economic recovery’

11 July 2014: The number of people filing for bankruptcy in Suffolk has plummeted since the recession, falling from a peak of almost 1,100 in 2009 to a 12-year low of around 350 in 2013, official figures show [read more]

Support to aid rescue of viable insolvent businesses

09 July 2014: Proposals to ensure that insolvent businesses continue to receive essential supplies from the IT and utility sectors to aid business recovery have been announced in a new consultation. [read more]

Thorntons refinances as profits set to grow

03 July 2014: Alfreton chocolatier Thorntons has extended its existing banking facilities to £75m to support its continuing growth. [read more]

Huge fines introduced to deter nuisance callers

30 June 2014: Rogue claim businesses responsible for nuisance calls will face hefty fines under new plans. [read more]

Bury St Edmunds: Bankruptcies are down, but other forms of insolvency are on the rise

26 June 2014: While the number of people being declared bankrupt in Bury St Edmunds has dropped by 64%, other forms of insolvency have actually risen, a debt specialist has said. [read more]

Insolvency Service investigation leads to shut down of multi-million pound network of South London property and music companies

24 June 2014: A group of 14 connected property letting, investment-and-development and music companies, primarily based in Catford, South London have been ordered into liquidation by the High Court on 4 June on grounds of public interest for a string of breaches of company law. [read more]

Plans to 'clean up' pre-pack deals unveiled

17 June 2014: Recommendations designed to ensure businesses and customers get a better deal from failing companies have been unveiled by government. [read more]

Bottle decorating directors banned

13 June 2014: Two directors of a Yorkshire-based bottle labelling and packaging company hit by insolvency problems in recent years have been disqualified for failing to make sure their company paid VAT. [read more]

LGV training firm wound up

12 June 2014: A London-based firm claiming to provide training courses for Large Goods Vehicles (LGV) has been wound up in the public interest by the High Court. [read more]

Storage boss banned for five years

07 June 2014: The director of a Worcester-based storage facility company has been disqualified from acting as a company director for five years. [read more]

Punch sells London outlets for £9.7m

03 June 2014: Burton pub company Punch Taverns has agreed to sell five of its outlets to Manica Properties for almost £10m. [read more]

County court judgements drop to new quarterly low

30 May 2014: The number of county court judgements (CCJs) against businesses in England and Wales reached a new low during the first three months of 2014. [read more]

Midlands businesses remain burdened by regulation, says R3

22 May 2014: New research from R3, the insolvency body, shows only 14 percent of Midlands businesses feel that the burden of business regulation has fallen since the 2010 General Election, despite Government promises to cut red tape. [read more]

Two football stars declared bankrupt

20 May 2014: Two former Premier League football stars have been declared bankrupt. [read more]

Insolvency rise a ‘seasonal problem’

08 May 2014: Seasonal difficulties at the start of the year are to blame for a slight rise in the number of company liquidations revealed in the official insolvency figures, according to the insolvency practitioners’ trade body R3. [read more]

Good News or Bad News

07 August 2013: Are distressed businesses blocking economic recovery? [read more]

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“I recently introduced John to a client and friend who'd been badly let down by his accountant and feared he was insolvent. I knew that John would be sensitive and supportive and there was no risk of him influencing the business to take insolvency action. He helped the business to find a way to keep trading whilst making them aware of their responsibilities as directors. John put my client at ease, was wonderfully reassuring, comforting and supportive, at a time when my client was in a distressing situation. His approach is totally pragmatic, practical and empathetic. he always wants to find a solution to keep a business trading rather than looking for an opportunity (unlike many insolvency advisors) I would recommend any business talking to John if they need some honest advice, knowing he will always have their best interests at heart. Quite simply John is the nicest and friendliest insolvency guy out there!”

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